Louisiana State Employees Retirement System Purchases Shares of 43,000 Sally Beauty Holdings, Inc. $SBH

Louisiana State Employees Retirement System acquired a new position in Sally Beauty Holdings, Inc. (NYSE:SBH) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 43,000 shares of the specialty retailer’s stock, valued at approximately $596,000.

Other large investors have also made changes to their positions in the company. Larson Financial Group LLC boosted its stake in Sally Beauty by 392.5% during the 3rd quarter. Larson Financial Group LLC now owns 1,906 shares of the specialty retailer’s stock valued at $31,000 after purchasing an additional 1,519 shares during the period. iSAM Funds UK Ltd bought a new position in Sally Beauty in the 3rd quarter worth approximately $35,000. Intesa Sanpaolo Wealth Management acquired a new position in shares of Sally Beauty during the fourth quarter worth approximately $36,000. Osaic Holdings Inc. lifted its holdings in shares of Sally Beauty by 1,365.0% during the second quarter. Osaic Holdings Inc. now owns 2,930 shares of the specialty retailer’s stock worth $27,000 after buying an additional 2,730 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its position in shares of Sally Beauty by 309.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,374 shares of the specialty retailer’s stock valued at $48,000 after acquiring an additional 2,549 shares during the period.

Insider Transactions at Sally Beauty

In other Sally Beauty news, CFO Marlo Michelle Cormier Platz sold 42,771 shares of the business’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $12.70, for a total value of $543,191.70. Following the transaction, the chief financial officer directly owned 138,145 shares in the company, valued at $1,754,441.50. The trade was a 23.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently commented on SBH. Wall Street Zen upgraded shares of Sally Beauty from a “hold” rating to a “buy” rating in a research note on Saturday, June 13th. TD Cowen cut their price objective on shares of Sally Beauty from $20.00 to $17.00 and set a “buy” rating for the company in a research report on Tuesday, May 12th. Weiss Ratings cut shares of Sally Beauty from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 18th. Finally, Morgan Stanley lowered their price target on Sally Beauty from $16.00 to $13.00 and set an “underweight” rating on the stock in a research note on Tuesday, May 12th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $17.00.

Sally Beauty Stock Performance

Shares of NYSE:SBH opened at $14.32 on Wednesday. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.34 and a quick ratio of 0.55. The business’s fifty day moving average price is $13.30 and its two-hundred day moving average price is $14.40. Sally Beauty Holdings, Inc. has a fifty-two week low of $9.34 and a fifty-two week high of $17.92. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 7.91 and a beta of 1.02.

Sally Beauty (NYSE:SBH) last issued its quarterly earnings data on Monday, May 11th. The specialty retailer reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. Sally Beauty had a return on equity of 24.95% and a net margin of 4.93%.The company had revenue of $903.38 million during the quarter, compared to analysts’ expectations of $901.42 million. During the same period last year, the business earned $0.42 earnings per share. The business’s revenue was up 2.3% on a year-over-year basis. Sally Beauty has set its Q3 2026 guidance at 0.520-0.560 EPS. As a group, analysts predict that Sally Beauty Holdings, Inc. will post 2.06 EPS for the current fiscal year.

Sally Beauty Profile

Sally Beauty Holdings, Inc is a leading global specialty retailer and distributor of professional beauty supplies, serving both retail customers and salon professionals. The company operates two primary channels: Sally Beauty Supply, which offers a broad assortment of hair color, hair care, styling, and skincare products; and Beauty Systems Group (BSG), which provides salon-quality products and supplies to professional stylists and salon owners. With a focus on catering to diverse customer needs, Sally Beauty offers well-known brands alongside private label lines, positioning itself as a one-stop source for beauty professionals and enthusiasts alike.

Founded in 1964 and headquartered in Denton, Texas, Sally Beauty has grown through a combination of organic expansion and strategic acquisitions.